Marriott International, Inc. (NASDAQ:MAR – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Thursday, August 20th will be given a dividend of 0.73 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th.
Marriott International has raised its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Marriott International has a payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marriott International to earn $13.34 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 21.9%.
Marriott International Stock Down 1.1%
MAR traded down $3.80 on Friday, reaching $355.87. The company had a trading volume of 797,572 shares, compared to its average volume of 1,579,990. Marriott International has a 1 year low of $256.49 and a 1 year high of $410.98. The stock has a market capitalization of $92.80 billion, a PE ratio of 36.88, a P/E/G ratio of 2.80 and a beta of 1.10. The stock has a 50-day moving average price of $377.49 and a 200-day moving average price of $355.25.
About Marriott International
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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